Three Tech Stocks are Surging

Shares of Cisco, NVIDIA, and Marvell are moving higher on Tuesday.

Apr 1, 2014 at 11:20AM

The Dow Jones Industrial Average (DJINDICES:^DJI) had added more than 56 points as of 11:30 a.m. EDT. Cisco (NASDAQ:CSCO) was one of the index's top performers, while tech stocks NVIDIA (NASDAQ:NVDA) and Marvell Technology (NASDAQ:MRVL) also moved higher.

ISM Manufacturing PMI comes in lower than expected
Perhaps limiting the Dow Jones' gain on Tuesday, the Institute for Supply Management manufacturing purchasing managers' index reading of 53.7 missed the even 54 that economists had anticipated. This suggests the U.S. economy may be weaker than believed.

A weaker economy could weigh on stocks, but it should be noted that any reading over 50 indicates expansion -- the manufacturing sector is growing, just not growing as fast as anticipated.


Source: Wiki Commons.

Cisco rises ahead of presentation
Cisco shares were up 1.6% early on Tuesday, ahead of CTO Padmasree Warrior's presentation at the annual Tech Transformation Summit, scheduled for 10:30 a.m. PDT. Warrior's comments from that presentation could elevate shares further.

Also on Tuesday, Cisco announced that it was expanding its open IP Cameras platform to include better video storage features, and has implemented a feature to allow for push-to-talk interaction. The announcement didn't appear to be a major upgrade to Cisco's current business, but could help fuel continued speculation that Cisco will be a winner in the coming "Internet of Things" revolution.

NVIDIA moves higher on analyst upgrade
NVIDIA shares rose 4% early in the session. The source of the rally was likely an upgrade from JMP Securities analyst Alex Gauna, who raised his rating on the chipmaker to outperform on Tuesday.

JMP Securities was impressed with NVIDIA's growing focus on the cloud and the automotive industry, among other initiatives. NVIDIA's new products could deliver earnings upside in the coming quarters.

Marvell Technology surges on damages
Marvell Technology shares rose more than 3.8% early on Tuesday after a judge ruled that the company should pay Carnegie Mellon University $1.54 billion for violating patents.

Carnegie Mellon had asked for triple that amount of damages, but the judge denied the request. A fine of $1.54 billion is no doubt hefty, particularly for a company with a market cap just over $8 billion -- but it's obviously better than triple damages.

Cisco could benefit from this $14.4 trillion dollar revolution
Let's face it, every investor wants to get in on revolutionary ideas before they hit it big. Like buying PC-maker Dell in the late 1980s, before the consumer computing boom. Or purchasing stock in e-commerce pioneer in the late 1990s, when it was nothing more than an upstart online bookstore. The problem is, most investors don't understand the key to investing in hyper-growth markets. The real trick is to find a small-cap "pure-play" and then watch as it grows in EXPLOSIVE lockstep with its industry. Our expert team of equity analysts has identified one stock that's poised to produce rocket-ship returns with the next $14.4 TRILLION industry. Click here to get the full story in this eye-opening report.

Sam Mattera has no position in any stocks mentioned. The Motley Fool recommends Cisco Systems and Nvidia. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.


Compare Brokers